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Stay ahead of the curve with a mortgage that tracks interest rates
A tracker mortgage is a type of variable rate mortgage where the interest you pay typically follows the Bank of England (BoE) base rate. As the base rate moves up or down, so too will your interest rate—and your monthly repayments.
The interest rate you pay is directly linked to the BoE base rate, plus a percentage set by your lender. For example, if the base rate is 0.5% and your lender’s rate is 2%, your mortgage rate will be 2.5%.
If you’re comfortable with fluctuations in your monthly repayments and want the chance to benefit when rates are low, a tracker mortgage might be a great fit. But remember, the variable nature of trackers means repayments can increase if rates go up.
At Maplestone, we’ll help you decide whether a tracker mortgage aligns with your financial goals. With expert advice and straightforward support, we’re here to help you find the right fit.
Get in touch today to learn more!
Want to find the right mortgage for you? Get in touch with one of our friendly mortgage specialists – we’re here to help!
IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE, YOUR HOME MAY BE REPOSSESSED.
Why not contact Maplestone Financial Services today for more information or a FREE initial consultation.
HMRC has launched a new online interactive tool to help guide both businesses and individuals through tax compliance checks.
Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.